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Wednesday, December 16, 2020

Business inventories rise more than expected

 

  • October Business Inventories: +0.7% M/M to $1,948.7B vs. +0.6% consensus and +0.8% prior (revised from +0.7%).
  • Sales +0.9% to $1,482.3B (M/M)
  • Inventory/Sales ratio 1.31 vs. 1.32 in September.

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